Haivision Systems (TSE:HAI) Stock Price Expected to Rise, Cormark Analyst Says

Key Points

• Analysts at Cormark have raised their price target for Haivision Systems from C$5.85 to C$6.25, indicating a 25.00% potential upside from the current stock price.
• Haivision Systems' stock traded down to C$5.00, with a 52-week range of C$3.67 to C$5.85 and a market capitalization of C$138.32 million.
• The company specializes in providing infrastructure solutions for the video streaming market, serving enterprises and governments worldwide.

Haivision Systems (TSE:HAI - Get Free Report) had its price target lifted by analysts at Cormark from C$5.85 to C$6.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Cormark's price objective points to a potential upside of 25.00% from the stock's current price.

Haivision Systems Stock Performance

HAI traded down C$0.17 during trading hours on Friday, hitting C$5.00. The company's stock had a trading volume of 16,416 shares, compared to its average volume of 29,555. Haivision Systems has a fifty-two week low of C$3.67 and a fifty-two week high of C$5.85. The firm has a market capitalization of C$138.32 million, a PE ratio of -125.00 and a beta of 0.64. The company has a 50-day simple moving average of C$4.78 and a 200 day simple moving average of C$4.52. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 10.61.

Haivision Systems Company Profile

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.